Introduction

What is optimism ?

Optimism is a fast, stable, and scalable L2 blockchain built by Ethereum developers, for Ethereum developers. Built as a minimal extension to existing Ethereum software, Optimism’s EVM-equivalent architecture scales your Ethereum apps without surprises. If it works on Ethereum, it works on Optimism at a fraction of the cost.

What is opensea ?

The world’s first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs) where one can Buy, sell, and discover exclusive digital items.

Opensea support for optimism

NFT marketplace OpenSea announced that it has expanded its offerings to include projects built on Ethereum layer-2 scaling solution Optimism.

Optimism joins five other existing networks now supported by the marketplace: Ethereum, Solana, Polygon, Klatyn, and—as of last week—Arbitrum, another Ethereum scaler. OpenSea already has listings for over 100 Optimism-native NFT collections on its marketplace since launching compatibility with the blockchain earlier today.  In announcing its partnership with Optimism, OpenSea specifically highlighted the onboarding of popular Optimism-backed projects including Apetimism, Bored Town, MotorHeadz, and OptiChads.  Each collection’s author must access their project on OpenSea to set a custom creator fee for sales on the marketplace, the company announced. Creators can earn up to 10% on every transaction of their work made on the site.

The top Optimism NFT projects by trading volume so far have been Early Optimists, Apetimism, OptiChads, OptiPunks, and Optimism Quests. Early Optimists leads the board with just $1,450 in sales today; in its lifetime, the project has generated roughly $700,000 in sales, more than twice the total volume of any other Optimism NFT project to date.

The overall trading volume of Optimism NFTs, however, has remained largely unchanged since OpenSea began listing Optimism projects early Tuesday.

IMPORTANT

This dashboard represeents the metrics of Opensea on optimism, however the author uses a dashboard made by J.Hackworth as the template using the same design and metrics so that users can compare the two marketplaces with ease.

Additionally, the crux of this analysis was to create a custom table for opensea NFT sales which are currently not present in the ez_nft_tables which Hackworth did not require for analysing Quix marketplace.

All that said, Hats off to Hackworth for the great QUIX dashboard. The dashboard mentioned is

Daily trends on opensea

Opensea launched very recently on optimism. With only a couple of scattered dales in its first few days. However, the sales have picked up significantly since sept 25. The peak volume generated was 2000 USD on September 28. Another interesting piece is that the average NFT is higher on some days the 90th percentile suggests a heavy skew in NFT sale data. Finally, there tends to be more distinct sellers than buyers on the platform

Sales by nft collection

A single project, optimism quests make up atleast 35% of the sale volume, and the top 3 collection together make up more than 60% of the volume. In terms of total transfer in recent days, one project, optimism quest has been doing a majority of the trades on the platform

Opensea user behaviour

An average user spends only 17 USD on an NFT project. The top 10 buyers account for 25% of the buys,

Track individual NFT projects

Input an address to parameter bar to filter for as specific project on Quixotic. The default is set to 0xfA14e1157F35E1dAD95dC3F822A9d18c40e360E2, which is the address of Optimism quest

References

This dashboard represeents the metrics of Opensea on optimism, however the author uses a dashboard made by J.Hackworth as the template and uses the same design and metrics so that users can compare the two marketplaces with ease.

Additionally, the crux of this analysis was to create a custom table for opensea NFT sales which are currently not present in the ez_nft_tables which Hackworth did not require for analysing Quix marketplace.

All that said, Hats off to Hackworth for the great QUIX dashboard.

The dashboard mentioned is